Trump’s 25% Steel Tariffs: A Repeat of Past Economic Failures

Source: Palm Beach Examiner
by Karl Dickey

“Tariffs almost always end up costing American jobs. Studies from the 2018 tariffs showed that for every job saved in the protected industries, multiple jobs were lost in industries that rely on these materials. The net effect on employment was often a net negative. Additionally, this type of government intervention distorts markets and creates gross misallocation of resources while stagnating innovation. While on the surface, these types of measures sound great, they create division with other countries while contributing to inflation here at home. Instead, Trump and future presidents should embrace free trade over managed trade for a better America.” (02/10/25)

https://palmbeachexaminer.substack.com/p/trumps-25-steel-and-aluminum-tariffs